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Showcase Your Professional Credentials with NAIOP’s New Digital Badges

Originally published on September 13, 2022, by NAIOP.

Students receive credit towards earning their certificate through core classes presented by the NAIOP Center for Education. So whether you want to enhance the value of your current career track or to increase your credibility in transitioning to a new career goal or area of interest, consider the professional benefits and competitive edge you'll gain by earning your NAIOP Certificate of Advanced Study.

Commercial real estate professionals wanting to advance their careers by earning their certificate can focus their efforts on either the development or finance tracks by pursuing a Certificate of Advanced Study in Commercial Real Estate Development or a Certificate of Advanced Study in Real Estate Finance.

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Permit Reform Legislation Advances Following NAIOP’s N.C. Advocacy Day

BY TOBY BURKE,   

Members from NAIOP’s three chapters in North Carolina traveled to Raleigh last week to advance the priorities of the commercial real estate development industry in meetings with state lawmakers. The top priority for NAIOP of North Carolina, the state alliance of NAIOP chapters, is the passage and enactment of House Bill 291, permit reform legislation sponsored by State Representative Jeff Zenger.

Local building permits are an essential and fundamental requirement for the development and improvement of commercial and residential properties. However, the processes for obtaining these permits can vary by city and county in North Carolina. These variations lead to uncertainties and delays in projects moving forward, which can impact the costs, financing and contractional relationships with contractors and providers of construction equipment and materials.

The enactment of House Bill 291 would bring reforms to the permitting process similar to those advocated by our local chapter in Georgia which were ultimately enacted into law in that state. These reforms to the local permitting process bring more predictability and accountability, reducing uncertainty and unnecessary delays. Core elements of the bill include:

  • A local permitting entity has 21 days in which review the plans.
  • During the 21 days, the local entity shall resolve issues associated with the application and may seek additional information from the applicant.
  • If additional information is needed or the application must be resubmitted, the permitting entity has 15 days from receipt of the additional information to issue a permit.
  • If the local permitting entity is unable to meet the time parameters, the applicant or inspections department may seek approval from a certified third-party (engineer) or the Department of Insurance.

The North Carolina House of Representatives passed House Bill 291 in May of 2021 on bipartisan vote of 79-33, sending the bill to the state Senate. The legislation was eventually sent to the commerce and insurance committee in March for their consideration. Our meetings last week focused on urging Senate leadership and the committee chairs to move this important legislation forward before adjourning for the year as early as the end of June. NAIOP of North Carolina’s advocacy played a key role in HB 291 being scheduled the following day for a hearing before the insurance committee the subsequent week.


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NAIOP Charlotte visits Raleigh for Legislative Day

NAIOP three

As part of an annual visit, NAIOP members visited elected North Carolina's elected officials today in Raleigh. Representing the commercial real estate industry’s perspective is critical to cultivate future relationships when challenges arise in the state legislature. 

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Class A Buildings Push Office Market Stabilization

Office market vacancy rates kept surging for the 10th straight quarter to start 2022, according to the NAIOP Research Foundation. The group recently published its Office Space Demand Forecast for Q2 2022. You can read the full report here
Office building
The group boasted that Class A buildings are key in many parts of the country, bolstering net absorption rates in areas like the Sun Belt. These work spaces are key in brining in skilled employees. The group said "suburban markets and life sciences hubs are recovering better than the national average as more employers embrace a return to the office and the pandemic eases."

Other key takeaways mentioned 

  • Leasing activity is up year over year, which signals that firms are more comfortable making longer-term commitments to office space. Property owners have been willing to offer greater tenant improvements to encourage signing, indicating that tenants still have the upper hand in lease negotiations. These signals indicate a move toward a more stable equilibrium as the office market finds its balance.
     
  • Given these trends and signs of a slowing – but still growing – economy, net office space absorption in the remaining three quarters of 2022 is forecast to be 46.9 million square feet, essentially unchanged from the previous forecast for these quarters (46.6 million square feet).
     
  • Total net absorption in 2023 is forecast to be 47.3 million square feet, with an additional 6.5 million square feet absorbed in the first quarter of 2024.

Join the NAIOP Volunteer Community

 

Volunteers are the heart of our Charlotte Chapter and its success, and we encourage every member to become actively involved in one of our committees! We have a number of opportunities for involvement and more information on each committee can be found here. Our committees include Programs, Legislative, Membership, and Sponsorship. Interested? Reach out to [email protected].

Welcome New NAIOP Charlotte Members | February 15, 2022

 

We are proud to introduce our new association members! The following is a list of individuals who have joined NAIOP Charlotte since November 2021:

  • Dave Andrews
  • John L.  Berger
  • Kara A.  Blue
  • Brian Bunce
  • Dave Davis
  • Sara Downing
  • Malik Evans
  • Brittany Govoni
  • Adam S. Hawthorne
  • Alexa Jordan
  • Joseph L. Leary
  • Terry Martin
  • Timothy C. Murphy
  • Jordan E. Murray
  • Ian Patrick
  • Tony Rolfes
  • John Schick
  • Jason Smith
  • Jack Taylor
  • Drew Thompson
  • Wenzhuo Tuttle
  • Nick Vosnock

Congratulations to our Fall Golf Tournament Winners!

Congratulations to our Tournament Winners!

Thank you to all our Participants and Sponsors!

We had an amazing turnout at this year’s CRCBR/NAIOP Charlotte Fall Golf Tournament. Thank you to everyone who came out on September 27 at Carolina Golf Club and congratulations to all of our tournament winners!

Golf Pic

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Check back for more photos coming soon!

Gross Winners

Our first place winners based on GROSS were:

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Welcome New NAIOP Charlotte Members

We are proud to introduce our new association members! The following is a list of individuals who have joined NAIOP Charlotte since March 12, 2021:

  • Brian Taylor, Miller-Valentine Group
  • Caleb Gass, Heritage BlueFire
  • Chandler Markey, Sands Investment Group
  • Philip Elliott, Consulting Services Incorporated
  • Elsa Simaan, Stewart Title Guaranty Company
  • Greg Hartley, Acro Development Services, PLLC
  • HeatherMucci, Novus Architects
  • John Moscati, GTA Associates, Inc.
  • Philip Potter, Whiting-Turner Contracting Company
  • Allen McDowell, Bohler Engineering
  • AnthonyZook, Bohler Engineering

Member Engagement and Activities Remained Strong in 2020

While 2020 didn’t go as planned, it didn’t stop NAIOP Charlotte members from continuing to connect and engage with each other and industry experts in the CRE community. Check out the many highlights from our events this past year. In addition, the Chapter thanked the 2020 Cornerstone Sponsors during an appreciation event and held a special event to welcome new members.

June LWAL: Update from Elected Leadership

During this LWAL, members received updates at the federal and state levels about the current society and commercial real estate development issues and heard the efforts being made to get the economy moving again. Our special guests included: Congressman Dan Bishop, US House 9th District; Speaker Tim Moore, NC House 111th District; and Representative Jason Saine, NC House 9thth District. Click here to access the recording.

June LWALEconomic Development Pipeline

In the middle of June, industry experts provided an update on what our economic development organizations are doing today. Our speakers included: Tracy Dodson, City of Charlotte; Donny Hicks, CEcD, CCIM, Gaston Country Economic Development Corporation; and Robby Carney, Cabarrus Economic Development Corporation. Click here to access the recording.

August Virtual PanelAre Lenders Lending?

Members and nonmembers engaged with industry leaders discussing the present state of lending and found out where we are in the course of this hurricane. We heard perspectives on the present state of lending in the commercial lending environment from Scott Cook, TD Bank; Anthony Fertitta, JLL; and Brad Smith, Bank of America.

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